Sec. 8475.203. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2013, 83rd Leg., R.S., Ch. 628 (S.B. 1902), Sec. 1, eff. June 14, 2013.
Section: Previous 8475.004 8475.005 8475.006 8475.051 8475.052 8475.101 8475.102 8475.103 8475.104 8475.105 8475.151 8475.152 8475.153 8475.201 8475.202Last modified: September 28, 2016